Bitcoin rebounds toward $61K as CryptoQuant CEO Ki Young Ju says BTC has not confirmed a cycle bottom yet.

Bitcoin recovered toward the $61,000 region after setting new local lows, giving traders another relief bounce after a sweep of sell-side liquidity.

The move followed heavy downside pressure earlier in the week, with BTC attempting to stabilize after dipping near the $58,000 area.

CryptoQuant CEO Ki Young Ju said Bitcoin may not be close to a cycle bottom based on traditional cycle data and realized price behavior.

His comments came as traders assessed whether the latest rebound had enough spot demand to sustain a broader recovery.

Bitcoin Bottom Call Faces Fresh Doubt

Ki Young Ju said Bitcoin’s cycle bottom remains uncertain after the latest price recovery. 

He pointed to earlier market cycles, where Bitcoin moved closer to realized price before stronger bottoms formed. 

Therefore, some analysts remain careful about calling the recent low a final bottom.

Not sure Bitcoin is at the cycle bottom. pic.twitter.com/rhDiIbHkxY

— Ki Young Ju (@ki_young_ju) June 26, 2026

Realized price shows the average price at which Bitcoin last moved on-chain. Traders use it to compare BTC’s market price with investor cost levels. 

During deep corrections, this level often becomes an important area for market watchers.

Bitcoin’s recovery toward $61,000 has not fully changed that cautious view. 

Instead, the move has raised fresh questions about buyer strength. For now, traders are watching whether BTC can hold above its recent low zone.

BTC Relief Bounce Meets Weak Buying Pressure

The latest Bitcoin rebound started during the Asian session after price cleared recent lows. 

After that, BTC pushed back toward the $61,000 region before broader market activity increased. As a result, some traders said the main daily move may have already happened.

Market analysts also pointed to weak buying pressure during the bounce. Cumulative volume delta, which tracks buying and selling pressure, did not show strong demand. 

Spot buying improved slightly, but it stayed close to earlier failed rebounds. Because of that, traders have become more careful with fresh long positions. 

Bitcoin could still move higher if buyers remain active. Still, the current area is being watched for possible weakness after the early rebound.

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Traders Watch $61.9K and $58.8K Levels

The $61,000 region has become a key short-term zone for Bitcoin traders. 

Some traders are watching this area for signs of exhaustion after the fast recovery. If selling returns, short setups may gain more attention before the weekly close.

$BTC pumps into the 61K region after printing new lows.

Here we are, another relief bounce on Bitcoin after sweeping sell-side liquidity.

For me, it’s not interesting to long today anymore.

Why? The long happened during Asia, and it already had the expected move of the day.… pic.twitter.com/H0aIbblpSF

— Lennaert Snyder (@LennaertSnyder) June 26, 2026

Another level sits near $61,900, where liquidations may draw price action. If BTC reaches that zone, traders may wait for a clear reaction. 

A strong move above it could reduce pressure on the current rebound. On the downside, $58,800 remains an important target if sellers regain control. 

That level sits near the recent low and may shape the next move.  Meanwhile, weekly positioning could add choppy price action as large traders adjust exposure.